Munters Partners With Lordan in $9.5 Million Texas JV and Expands Italian Chiller Facility

Swedish cooling technology company Munters Group has committed approximately USD 9.5 million to a new US joint venture with heat exchanger producer Lordan, while separately planning a chiller manufacturing expansion in Italy valued at around USD 27.73 million.

The twin investments are aimed at strengthening supply chain capacity for the company's data center cooling business on both sides of the Atlantic.

A seven-year supply agreement anchored in Selma, Texas

Under the agreement, Munters will hold a 45% stake in the joint venture, with Lordan owning the remaining 55%. The new entity will establish a coil manufacturing facility near Munters Data Center Technologies' existing site in Selma, Texas, with production expected to begin within 12 to 18 months.

Lordan, a producer of high-quality fin and tube heat exchangers, will be responsible for day-to-day operations at the facility, while Munters will contribute supply chain and staffing resources.

The agreement runs for seven years and contains commitments from both parties to produce and acquire a certain quantity of coils over that period, at preferred lead times and price levels. Coils are a critical component in many of Munters' cooling products.

Frank Pellegrino, President of Munters business area Data Center Technologies, described the collaboration as a way to secure supply for key product lines.

"Coils are a critical component in many of our cooling products. Through this collaboration with a well-established expert in heat exchangers, we are ensuring a flexible supply of high-quality coils and related components for products such as CRAHs and fan walls," says Pellegrino.

He also cited the siting of the new facility next to the existing Munters operation as a practical benefit. "The proximity to our existing facility is an added benefit from an efficiency and environmental perspective, and we're excited about the potential for this joint venture to contribute to our in-house expertise around thermal management and heat exchange," Pellegrino added.

USD 27.73 million chiller expansion in northern Italy

In parallel with the US venture, Munters has decided to expand its existing chiller manufacturing facility in northern Italy, responding to growing European demand for the products. The company is acquiring an adjoining site and will, over the coming year, develop new production lines, R&D capabilities, and testing facilities.

The total investment is estimated at around USD 27.73 million. "This investment signifies our commitment to growing chiller capacity for Europe, as well as the importance of our Italian operations as a hub for expertise in this area," Pellegrino said.

Scale of the data center business

Munters' business area, Data Center Technologies, supplies advanced cooling systems for data centers, offering heat rejection technologies that cover both liquid and air cooling needs.

According to the company, DCT had approximately 1,000 employees and net sales of around USD 601.21 million in 2025. Munters Group as a whole reported annual net sales of approximately USD 1.503 billion in 2025.

Headquartered in Sweden and listed on Nasdaq Stockholm, the company has around 5,500 employees and operations in more than 25 countries.

Taken together, the two announcements pair near-shored coil production in Texas with expanded chiller capacity serving the European market, in line with the company's stated aim of reinforcing supply chain capacity for its data center cooling products.